ServisFirst Bancshares (NYSE:SFBS) Stock Price Expected to Rise, Piper Sandler Analyst Says

ServisFirst Bancshares (NYSE:SFBS) had its price target boosted by Piper Sandler from $95.00 to $96.00 in a research note released on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Several other analysts also recently issued reports on SFBS. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Hovde Group lifted their target price on ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $92.02 on Tuesday. The stock has a 50 day simple moving average of $89.82 and a 200 day simple moving average of $84.36. ServisFirst Bancshares has a 52-week low of $58.05 and a 52-week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $5.02 billion, a PE ratio of 24.60 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the firm earned $0.91 earnings per share. Sell-side analysts predict that ServisFirst Bancshares will post 4.09 EPS for the current fiscal year.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were paid a $0.335 dividend. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares’s payout ratio is presently 35.83%.

Hedge Funds Weigh In On ServisFirst Bancshares

Hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in ServisFirst Bancshares during the third quarter valued at approximately $32,000. R Squared Ltd bought a new position in shares of ServisFirst Bancshares in the fourth quarter valued at $69,000. GAMMA Investing LLC increased its holdings in ServisFirst Bancshares by 138.6% during the third quarter. GAMMA Investing LLC now owns 921 shares of the financial services provider’s stock worth $74,000 after buying an additional 535 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ServisFirst Bancshares in the second quarter valued at $84,000. Finally, KBC Group NV grew its position in shares of ServisFirst Bancshares by 52.4% in the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 800 shares during the period. Institutional investors own 67.31% of the company’s stock.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.